China passes Renewable Energy Law to boost clean energy industry

Mar 01, 2005

Chinese top legislature passed Monday the Renewable Energy Law to ease the energy strain, secure the country's energy security and better protect ecological environment. The bill on renewable energy was deliberated a second time during the 14th session of the Standing Committee of the National People's Congress (NPC) from Feb. 25 to 28.

Mao Rubai, director of the Environment and Resource Protection Committee of NPC, said China must vigorously develop renewable energy, because rapid economic development had caused energy shortages, heavy pollution and dependence on imported energy.

In 2003, China's renewable energy consumption accounted for only 3 percent of the country's total energy consumption. The government plans to lift up the figure to 10 percent in 2020.

According to the law, renewable energy includes hydroelectricity, wind power, solar energy, geothermal energy and marine energy, all of which should be taken consideration in the state and local development plans.

The law offered a series of favorable policies for developing renewable energy. For instance, the law demanded all state grids to purchase renewable energy, even though the cost is high. In this way, people's enthusiasm of developing renewable energy couldbe enhanced.

Source: CAS


Explore further: Apple's fiscal 3Q earnings top analyst forecasts

add to favorites email to friend print save as pdf

Related Stories

Kingston, Jamaica hybrid project to harness sun and wind

Jul 19, 2014

A hybrid energy project in Kingston, Jamaica, aims to satisfy the need for money-saving renewable energy. U.S.-based WindStream Technologies recently announced the wind solar hybrid installation commissioned ...

German MPs adopt cuts for green energy subsidies

Jun 27, 2014

German lawmakers adopted a law on Friday to reduce renewable energy subsidies as the government seeks to keep its green "energy transformation" on track, curb rising prices and fight nagging criticism.

France unveils ambitious energy bill for greener nation

Jun 18, 2014

France on Wednesday unveiled a much-anticipated bill to reduce the country's dependency on nuclear energy and fossil fuels, after months of intense debate over one of the Socialist government's pet projects.

'Home-made' electricity creating buzz in Germany

May 27, 2014

Klaus Meier lists three reasons for generating his own electricity in his family hotel in Germany's southern city of Freiburg—"cost savings, energy efficiency, climate protection".

Recommended for you

Social Security spent $300M on 'IT boondoggle'

13 minutes ago

(AP)—Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims.

Cheaper wireless plans cut into AT&T 2Q profit

16 minutes ago

(AP)—AT&T posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US.

Facebook shares profit growth story

21 minutes ago

Facebook on Wednesday reported that is quarterly profit more than doubled amid big gains in ad revenues and a jump in users.

Six charged in global e-ticket hacking scheme

49 minutes ago

Criminal charges were filed Wednesday against six people in what authorities said was a global cyber-crime ring that created fraudulent e-tickets for major concerts and sporting events.

User comments : 0